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Theta Xi Foundation FY2023 filing

Tax-deductible

Atlanta, GA501(c)(3) EIN 43-6049500Revenue $1.1M in FY2023

On file with the IRSthetaxi.org/foundation260 Peachtree St Nw Ste 900, 30303-1237 · Atlanta, GATax-exempt since Mar 1954Publicly supported charity — 170(b)(1)(A)(vi)

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To provide educational programming and scholarship assistance to the undergratuate members of Theta Xi fraternity.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $370K a year · 29% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Plus $3.9M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $173K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$101K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-59% vs prior year
Spent
$1.7M
To programs
79%
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$1.1M
FY2023▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2020$814K
FY2021$1.0M
FY2022$2.6M
FY2023$1.1M
FY2024$780K
FY2025$1.2M
Expenses
$1.7M
FY2023▲ +88%
Tap a bar for its year
Expenses by fiscal year
FY2020$730K
FY2021$781K
FY2022$882K
FY2023$1.7M
FY2024$694K
FY2025$612K
Net assets
$5.1M
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$4.6M
FY2022$6.0M
FY2023$5.1M
FY2024$5.5M
FY2025$6.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1954.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.3M Management & general 14% · $232K Fundraising 7% · $122K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Baker Stephen D
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Theta Xi Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers educational programs and scholarships to undergraduate Theta Xi fraternity members.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2022
01

Leadership Development

The presidents academy focuses on learning to apply leadership competencies including influencing peers to grasp a shared vision, MOTIVATING/EMPOWERING chapter members for engagement, and decision making STYLE/SKILLS through activities including common problem solving, support, and sharing of ideas designed for small GROUPS.THE rising…

$1.2Mprogram expense
02

Leadership grants support undergraduate attendance at educational and leadership programs and grants to purchase, build, remodel or provide resources for educational areas of chapter houses for the benefit of undergraduate members.

$78Kprogram expense
03

Academic grants includes funding scholarships and academic achievement awards.

$26Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Alpha Epsilon Chapter of Theta Xi Fraternity at the Unveristy of NeFY2024$70K
Fidelity Investments Charitable Gift FundFY2024$25K
American Online Giving Foundation INCFY2024$21K
Donor Advised Charitable Giving INCFY2024$21K
Vanguard Charitable Endowment ProgramFY2024$20K
The Jeffrey D Campbell Family FoundationFY2024$10K
The San Diego FoundationFY2024$6K
Schiele Family Foundation INCFY2024$100
Total grants receivedfrom 8 funders$173K
See all 8 funders →
Grants paid · 27 grants · $3.2M · 2019–2024
Unitemized GrantFY2024$92,964
Alpha Psi Chapter of Theta XiMO · FY2023$90,000
Mu AssociationIA · FY2023$76,201
Unitemized GrantFY2023$67,199
Theta Xi FraternityGA · FY2023$55,000
Beta Epsilon Association of Theta XiCA · FY2023$17,031
Beta Alpha Association of Theta XiFY2023$12,890
Beta Epsilon Association of Theta XiCA · FY2022$615,765
Alpha Zeta Association of Theta Xi INCCA · FY2022$319,238
Alpha Iota Alumni Association of Theta Xi INCKS · FY2022$189,552
Theta Xi FraternityGA · FY2022$71,935
Alpha Psi Chapter of Theta XiMO · FY2022$26,989
Unitemized GrantFY2022$25,834
Beta Epsilon Association of Theta XiCA · FY2021$281,444
Unitemized GrantFY2021$115,761
149 Beta Alpha ChapterGA · FY2021$100,532
Alpha Psi Chapter of Theta XiMO · FY2021$38,646
149 Beta Alpha ChapterGA · FY2020$185,265
See all 27 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$73K
Other incomeLn 4–11$513
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$232K
Fundraisingcol D$122K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$420K
Total assetsLn 16$5.2M
LiabilitiesLn 26$101K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Noncash giftsLn 1g$39K
Investment incomeLn 3$73K
Other incomeLn 4–11$513
Gains on assetsLn 7−$41K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$210K
SavingsLn 2$210K
Cash and savings togetherLn 1–2$420K
InvestmentsLn 11–13$3.9M
Total assetsLn 16$5.2M
LiabilitiesLn 26$101K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$454K$420K
InvestmentsLn 11–13$4.2M$3.9M
Total assetsLn 16$6.1M$5.2M
LiabilitiesLn 26$133K$101K
Net assetsLn 32$6.0M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Grants to domestic individualsLn 2$26K$26K
Management feesLn 11a$37K$37K
Accounting feesLn 11c$109K$109K
Professional fundraising feesLn 11e$24K$24K
Office expensesLn 13$40K$9K$31K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$3K$3K
Other expenses (24a–d)Ln 24$138K$74K$64K
Total functional expensesLn 25$1.7M$1.3M$232K$122K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$612K$628K$6.4M 990 PDF
FY2024 $780K$694K$86K$5.5M 990 PDF
FY2023 Viewing $1.1M$1.7M−$566K$5.1M 990 PDF
FY2022 $2.6M$882K$1.8M$6.0M 990 PDF
FY2021 $1.0M$781K$228K$4.6M 990 PDF
FY2020 $814K$730K$83K$4.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,092,285 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,538,729$1,019,168
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $88,556$72,604
I-11 Other revenuePrior year $14,614$513
I-12 Total revenuePrior year $2,641,899$1,092,285
I-13 Grants and similar amounts paidPrior year $539,767$1,304,373
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $116,193$23,920
I-17 Other expensesPrior year $225,727$330,056
I-18 Total expensesPrior year $881,687$1,658,349
I-19 Revenue less expensesPrior year $1,760,212−$566,064
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,092,285 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,019,168
VIII-1g Noncash contributions (included above)$39,491
VIII-1h Total contributions, gifts and grants$1,019,168
VIII-3 Investment incomeExcluded from tax $114,009$114,009
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$41,405−$41,405
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $513$513
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $73,117$1,092,285
Part IX · Statement of functional expenses $1,658,349 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,278,539$1,278,539
IX-2 Grants to domestic individualsPrograms $25,834$25,834
IX-11a Management feesManagement $36,973$36,973
IX-11c Accounting feesManagement $109,044$109,044
IX-11e Professional fundraising feesFundraising $23,920$23,920
IX-13 Office expensesManagement $8,666 · Fundraising $31,352$40,018
IX-17 TravelFundraising $2,762$2,762
IX-19 Conferences, conventions and meetingsManagement $3,445$3,445
IX-24 Other expenses (24a–d)Management $73,809 · Fundraising $64,005$137,814
IX-25 Total functional expensesPrograms $1,304,373 · Management $231,937 · Fundraising $122,039$1,658,349
Part X · Balance sheet $5,197,820 assets, 13 lines filed
Asset lines not itemized here account for $185,463; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $148,903$209,698
X-2 Savings and temporary cash investmentsStart of year $304,726$210,044
X-3 Pledges and grants receivableStart of year $1,268,961$667,848
X-4 Accounts receivableStart of year $12,500$0
X-8 Inventories for sale or useStart of year $23,947$23,947
X-11 Publicly traded securitiesStart of year $4,178,274$3,900,820
X-16 Total assetsStart of year $6,097,582$5,197,820
X-17 Accounts payable and accrued expensesStart of year $133,370$101,375
X-26 Total liabilitiesStart of year $133,370$101,375
X-27 Net assets without donor restrictionsStart of year $181,946$2,611,483
X-28 Net assets with donor restrictionsStart of year $5,782,266$2,484,962
X-32 Total net assets or fund balancesStart of year $5,964,212$5,096,445
X-33 Total liabilities and net assetsStart of year $6,097,582$5,197,820
Part XI · Reconciliation of net assets $5,096,445 net assets at year end
XI-1 Total revenue$1,092,285
XI-2 Total expenses$1,658,349
XI-3 Revenue less expenses−$566,064
XI-4 Net assets at start of year$5,964,212
XI-5 Net unrealized gains (losses) on investments$215,802
XI-8 Prior period adjustments−$517,505
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,096,445

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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